BUSINESS EDUCATION FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

KATIE D'AGOSTINO

Phone

8605847043

Tax Period

2024-01-01 to 2024-12-31

BUSINESS EDUCATION FOUNDATION, founded in 1990, is a micro nonprofit in the Education sector that reported $28K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $33K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROMOTE BUSINESS EDUCATION IN BRISTOL, CT.

Program Service Accomplishments

Program 1

Expenses: $20,515

THE FOUNDATION GAVE GRANTS TO BRISTOL TEACHERS AND SCHOOLS GIVING THEM THE OPPORTUNITY TO CREATE VARIOUS PROJECTS THROUGHOUT THE YEAR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,660

Program Service Revenue $12,483

Investment Income $1,477

Other Revenue $0

TOTAL REVENUE $27,620

Expense Breakdown

Grants Paid $15,670

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,515

Other Expenses $17,407

TOTAL EXPENSES $33,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,620	$32,229	-0.1%
Expenses	$33,077	$21,484	+0.5%
Net Income	$-5,457	$10,745	-1.5%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSELYN BENOIT	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
RICHARD BROWNING	INTERIM PRES	N/A	Director	$0	$0	$0
MICHELLE CROWLEY	SECRETARY	N/A	Director	$0	$0	$0
KATIE D'AGOSTINO	TREASURER	N/A	Director	$0	$0	$0
SUE MOREAU EDD	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
RACHAEL GAGNON	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
SCOTT GAUDET	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
CHRISTINE LAPRISE	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
DONNA OSUCH	SCHOOL READI	N/A	Director	$0	$0	$0
KAREN SMITH	TRUSTEE/ DIR	N/A	Officer Director	$0	$0	$0
JANICE STRASSER	TRUSTEE/DIRE	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$27,620	$33,077	$92,658	$-5,457
2023	$32,229	$21,484	$99,075	$10,745
2022	$19,474	$33,243	$88,359	$-13,769
2021	$38,516	$18,334	$102,128	$20,182
2020	$37,461	$42,257	$81,946	$-4,796
2019	$31,837	$32,548	$86,742	$-711
2018	$43,702	$37,824	$87,453	$5,878